OneDigital Investment Advisors LLC Cuts Stock Holdings in Manhattan Associates, Inc. (NASDAQ:MANH)

OneDigital Investment Advisors LLC lowered its position in Manhattan Associates, Inc. (NASDAQ:MANH) by 28.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,489 shares of the software maker’s stock after selling 1,778 shares during the period. OneDigital Investment Advisors LLC’s holdings in Manhattan Associates were worth $1,213,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SkyView Investment Advisors LLC grew its position in Manhattan Associates by 2.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,120 shares of the software maker’s stock worth $1,441,000 after purchasing an additional 102 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Manhattan Associates in the third quarter valued at approximately $502,000. Optimist Retirement Group LLC increased its position in shares of Manhattan Associates by 9.0% during the third quarter. Optimist Retirement Group LLC now owns 916 shares of the software maker’s stock valued at $258,000 after acquiring an additional 76 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Manhattan Associates by 213.7% during the third quarter. JPMorgan Chase & Co. now owns 1,009,913 shares of the software maker’s stock worth $284,169,000 after acquiring an additional 687,933 shares during the period. Finally, GAMMA Investing LLC boosted its position in Manhattan Associates by 40.1% in the fourth quarter. GAMMA Investing LLC now owns 1,662 shares of the software maker’s stock worth $449,000 after purchasing an additional 476 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Transactions at Manhattan Associates

In other news, CFO Dennis B. Story sold 2,788 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $170.83, for a total value of $476,274.04. Following the transaction, the chief financial officer now owns 101,263 shares of the company’s stock, valued at approximately $17,298,758.29. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Manhattan Associates Stock Performance

NASDAQ:MANH opened at $174.21 on Friday. Manhattan Associates, Inc. has a 52-week low of $140.81 and a 52-week high of $312.60. The business’s fifty day moving average is $169.45 and its 200 day moving average is $235.51. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 49.63 and a beta of 1.36.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MANH shares. DA Davidson raised their price objective on shares of Manhattan Associates from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial lifted their price target on shares of Manhattan Associates from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird reduced their price objective on Manhattan Associates from $282.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. StockNews.com downgraded Manhattan Associates from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Citigroup dropped their price target on Manhattan Associates from $244.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $212.38.

About Manhattan Associates

Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Warehouse Management Solution for managing goods and information across the distribution centers; Manhattan Active Warehouse Management, a cloud native and version less application for the associate; and Transportation Management Solution for helping shippers navigate their way through the demands and meet customer service expectations at the lowest possible freight costs; Manhattan SCALE, a portfolio of logistics execution solution; and Manhattan Active Omni, which offers order management, store inventory and fulfillment, POS, and customer engagement tools for enterprises and stores.